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  1. “Additionally, with share prices sooooo low, any company reporting good numbers gets ramped up dramatically. Look at darden restaurants (DRI) today + 17% after releasing numbers last night that “beat the Street””

    I dying to see those 1Q09 numbers also the market reaction.

    Yep the beat goes on. You know the FED is meeting right now. I wonder what dribble will come out of the FOMC. My guess is more Jawboning…

    The What

    Someday this war is gonna end…

  2. Ok, I’ll keep score while I eat my breakfast [DH this is for you!]

    Park Slope – check!
    Strollers – check!
    Poop – check!
    Cats – check!
    Morning coffee consumption review – check!
    Roll call – check!
    Madoff – check!
    Socialism vs. Democracy – check!
    Credit swaps – check!
    benson rant – check!
    DIBS rant – check!
    What rant – check!
    bxgrl rant – check!

    Wow, I think we’re ahead of schedule today! Good work team!

  3. But my point is that most of these CDS and other derivatives have already been wound down, closed out. There are far fewer of them out there to muck things up and that’s what recent performance of both the stock markets and the debt markets are telling us.

    Additionally, with share prices sooooo low, any company reporting good numbers gets ramped up dramatically. Look at darden restaurants (DRI) today + 17% after releasing numbers last night that “beat the Street”

  4. Benson,
    I think the distinction between the North Eastern US and Europe gets exaggerated. My tax rate as an NYC resident is already higher than it would be if I still lived in the UK, and the UK still just about has universal (if variable quality) healthcare. TX or FL would be a different story. The biggest difference nationally is that US social security benefits in old age are much higher (vs UK), not sure about rest of Europe.
    The most irritating new development over there currently are all the stealth ‘green’ taxes , but people are beginning to see through that in the UK and it’s only just beginning here.
    There is in general a greater sense of freedom and individual responsibility in the US, (and I love living here, largely for non-political reasons). It’s just not often borne out in public policy. In fact politicians and state workers seem to act more and more as their own interest group rather than representing particular constituencies in the real world

  5. ” A wind down of AIG means a lot of the Credit Default Swaps are closed. All those payments to the associated banks are just that…the wind down of the derivatives. A good thing.”

    Oh I wouldn’t say that Dave. AIG was a very very bad boy!! They wrote swaps on thangs without collateral, Billions of dollars on “THANGS” and no one know who the counter party are. When those “THANGS” go Tango Uniform the Counter parties are going to implode worldwide. Derivatives are a economic nightmare!!!

    The What (Just one more pill)

    Someday this war is gonna end…

  6. Only have a second as I’m off to glorious Penn Station. But benson, I think consdiering the fact that we have a very differnet history and government than Europe we will become another Europe. Beyond that fact, one man’s interpretation of a society is hardly the final word- has he spoken to everyone regarding their thoughts on work? I guarantee you there are millions in this country who don’t love what they do- but they still go to work.

    There’s nothing wrong with a long maternity leave if the kids grow up healthier and happier, or medical care for all so people don’t have to live or die in fear and pain. Why should i not be able to go to a doctor for my medical problems because I have no insurance? I pay my taxes and watch them go to roads and I have no car. To schools, and I have no kids, or to a war we never should have started (I have nephews who served). Why complain about those things that make people healthier or happier when our government for the last 200++ years has spent billions on things that have brought much misery and hardship while telling us to complain is unpatriotic? Or undemocratic? or UnAmerican?

    There’s plenty of real stuff to complain about- but medical care, maternity leaves and empty beautiful churches aren’t it. Chas Murray is only an opinion- not a definitive viewpoint.

  7. I think we need to focus…

    Abyssinian: Today’s Abyssinian retains a resemblance to the noble cats depicted in ancient Egyptian statues. The breed sports a ticked, richly colored tabby coat without markings on legs, tail and neck, but with dramatic facial markings. The Aby comes in four coat colors: ruddy, red, blue and fawn.

    American Bobtail : The American Bobtail is a short-tailed cat, with a medium to large frame. Its tail should be clearly visible above the back when the cat is alert, not exceeding the hock in length.

    American Curl: The American Curl gained CFA acceptance and has purred its way into the hearts of judges and cat lovers all in a short time. The Curl originated in June 1981, when a spontaneous genetic mutation produced the breed’s signature backward-curling ears.

    American Shorthair: Ideal American Shorthairs exude symmetry, with the breed standard calling for them to be slightly longer than tall. Females tend to be smaller than males. The American Shorthair’s face should be full-cheeked with an open expression.

    American Wirehair: The American Wirehair sports an exceptional coat, as each hair is bent or hooked, producing a dense, springy coat, with whiskers of the same texture. This breed was developed from the American Shorthair, so apart from the coat, the two display many similarities.

    Balinese: The Balinese gets its name from its sinuous flowing movement, which reminded early breeders of Balinese dancers. Its oriental body type, with a long, tubular body and a wedge-shaped head, is softened by the semi-long coat that graces its body.

    Bengal: The International Cat Association defines the Bengal as at least a fourth-generation descendant of a crossing between the wild Asian Leopard Cat and a domestic cat. The first three foundation crosses are identified as F1s, F2s and F3s.

    Birman: Also known as the “Sacred Cat of Burma,” Birmans are colorpoint cats, meaning they have a darker color on their tail, legs, ears and face, much like the Siamese or the Himalayan division of the Persian.

    Bombay: This American breed is called the Bombay because its intensely black coat is reminiscent of that of an Indian Black Leopard. It’s also known as a Black Burmese, because this breed came about after crosses with a sable Burmese and a black American Shorthair.

    British Shorthair: The British Shorthair is a stocky purebred that resembles a plush teddy bear. Although blue is the color most associated with the breed, Brits are found in a number of colors and patterns.

    Burmese: The Burmese was created in the United States in the 1930s from the breeding of a male Siamese and a brown female cat found on the San Francisco waterfront, believed to have traveled there from Burma. More >>

    Chartreux: The Chartreux dates back to 16th-century France. Its thick, velvety coat is any shade of blue-gray, from ash to slate, with the tips lightly brushed with silver. The Chartreux’s copper or gold eyes hint at its relation to the Russian Blue, whose eyes are a deep emerald green. More >>

    Chausie: The Chausie combines the genial nature of a domestic cat with the beauty and elegance of a jungle cat. This big, muscular breed has large, mobile, tufted ears, long legs and a naturally short tail reaching to the hock. More >>

    Colorpoint Shorthair: The Colorpoint Shorthair is the result of breeding between Siamese and other shorthair breeds, in particular the American Shorthair. These breedings were performed with the intent of enriching the color varieties and patterns in the Siamese.

    Cornish Rex: The Cornish Rex is known for its soft, wavy curls–even the whiskers curl. This native of Cornwall, England, savors the warmth and comforts of home and is well suited for apartment life.

    Devon Rex: The Devon Rex first appeared in Devonshire, England, in 1960, 10 years after the birth of the first Rex, the progenitor of the Cornish breed. The Devon Rex’s coat, much like that of the other Rex breeds, is delicate, short and curly.

    Egyptian Mau: With characteristics of a wildcat, the Egyptian Mau embodies a spirit reflecting the deity it once was in ancient Egypt. The breed boasts exotic coats of bronze and silver spots and is known as the only naturally spotted domestic cat.

    Euro Burmese: The European Burmese’s history is quite similar to that of the Burmese known and loved in the United States. When the Burmese moved to the United States, the breeders in Europe took the breed in a different direction, resulting in two distinct breeds today.

    Exotic Shorthair: The Exotic is a man-made breed resulting from the cross of Persians with American Shorthairs and other shorthaired cats. The Exotic’s body and head-style match that of the Persian, but the breed was separated into its own category in the 1960s.

    Havana Brown: The Havana Brown, a breed of medium size and structure, is noted for its dark, chocolate coat. The well-toned, muscular body conveys a sense of power. The first Havana was born in England some 50 years ago when a black “shorthair” Persian had a brief fling with a Chocolate Point Siamese.

    Himalayan: Depending on the association, the Himalayan may be considered a separate breed or a color pattern of the Persian breed. The Himalayan was originally developed from crosses between Siamese and Persians in an effort to transfer the pointed pattern to the Persian type.

    Japanese Bobtail: The Japanese Bobtail is an ancient breed indigenous to Japan. As its name indicates, the Bobtail is a partially tailed cat. Medium in size, with long, clean lines, the Japanese Bobtail comes in a variety of colors and patterns–solids, bi-colors and tabbies.

    Javanese: Take one Balinese, dip it in the colors of the rainbow and you have a Javanese. The Javanese is everything that is Balinese, and then some. This breed appears in the lynx point and tortie point patterns, as well as red and cream point colors.

    Korat: The Korat is an ancient shorthaired breed named after a province of Thailand. These felines are graced with a silver-blue coat,

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